The Latest Breaking News from Interest Rates

HSBC saw profits in the third quarter more than double to $7.7 billion thanks to higher interest rates, figures likely to lead to fresh calls for banks to boost savings rates.

Rolling coverage of the latest economic and financial news, as German GDP shrinks slightly in the third quarter of the year

An inflation gauge that is closely monitored by the Federal Reserve showed price increases remained elevated in September amid brisk consumer spending and strong economic growth

Today’s PCE deflator report was in line with market expectations but was sufficiently high to support the market’s current thesis that the Fed will keep interest rates higher-for-longer. The PCE deflator is the Fed’s preferred inflation measure. The market this week reduced the chances for a Fed hike in December,...

Competition for savers’ cash is putting pressure on its finances, says group

Retailer predicts robust margins for rest of year despite rise in interest rates and people returning to bricks-and-mortar stores

“I can hardly imagine the current status quo is fully sustainable for everybody,” said Harald Wilhelm, Mercedes-Benz’s chief financial officer.

Earlier today I discussed the grain markets, cattle prices, oil, gold, and interest rates with Michelle Rook on AgWeb's Markets Now.

The Biden administration celebrated the surge in U.S. GDP growth Thursday, but economists and analysts warn it could be the last hurrah for an ailing economy.